Press release
3D Map System Market For Automotive is Expected To Reach $6.1 Billion By 2026 Growing At a CAGR Of 19.4%
Market Overview:According to Market Prognosis, the Global 3D Map System for Automotive market is accounted for $1.24 billion in 2017 and is expected to reach $6.1 billion by 2026 growing at a CAGR of 19.4%. Growing adoption of smartphones, rapid urbanization in emerging nations, and increasing technological advancements are some of the factors propelling the market growth. In addition, rise in tourism, growing consumer spending levels on acquiring luxurious vehicles also favoring the market growth over the forecast period. On the other hand, high initial investment cost is limiting the market growth.
In-dash navigation is most preferred navigation type compared to handheld navigation. The In-dash segment is projected to register largest market revenue during the forecast period. Passenger vehicles utilize 3D map systems in a large proportion due to increasing consumer spending to get convenient travel experience. North America is expected to register lucrative growth rate due to rapid adoption of technologies by consumers, higher rate of commercial vehicles in this region is fuelling the region growth. Detailed
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Top Industry Players:
Some of the key players in 3D Map System for Automotive market include Aptiv, Axestrack, BAE Systems Plc., Civil Maps, Continental AG, DENSO CORPORATION, Dynamic Map Platform Co., Ltd., Elektrobit, Harman International, HERE Technologies, Mitsubishi Electric Corporation, Nippon Seiki Co., Ltd., NVIDIA Corporation, Robert Bosch GmbH, and TomTom International BV.
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Market Segments:
Systems Covered:
• Software & Services
• Hardware
Navigation Types Covered:
• Handheld Navigation
• In-dash navigation
Sales Channels Covered:
• Aftermarket
• OEM
Vehicle Types Covered:
• Commercial Vehicle
• Passenger Vehicle
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We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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